Credit Checks

Jun 20, 2016

Standard Credit Check (Consumer Trace)

This is an inexpensive way to understand an individual’s credit risk and is extremely useful when recruiting an individual in a position of risk.

Details of previous employers are also listed on this check and it is incredible to understand how many people provide details of previous employers on a credit application but do not provide the same information on a CV.

This check should only be used for recruitment if the person could be a financial risk to the organisation and the candidate must give permission for the check to be done.

iFacts has online services to access all major credit bureaus – Transunion, XDS and Compuscan. Our bureau of choice is Compuscan.

All credit checks are performed in a real-time electronic environment, ensuring fast, accurate delivery.

Detailed Credit Check (via Compuscan)

This is a comprehensive report provided on an individual and gives the following information:
– Past addresses and contact details
– Details of past employers (this list is not verified but can be checked against the CV)
– Credit score and risk portfolio against the South African average consumer
– Details of accounts and payment behaviour
– Judgements and any negative information on the credit record. This includes judgments, administration,
sequestration, rehabilitation orders, debt review statuses; this is the result of any legal action by credit
providers taken against the individual.
– Details of properties owned by the individual
– Details of directorships of any South African companies
– Suggested credit action plan for the individual.

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In our world of shadows you have to be careful about whom you employ. The bogus and the criminal are everywhere. Whatever you do, don’t venture into the business world of shadows alone. Be sure that you have total security cover and maximum protection. It is here that we can be of exceptional value to you, ready to protect and seal your company against the cheats, the liars and the fraudsters. When you know who they are - and you will because we’ll tell you - you’ll never need have them anywhere